The Business Times

Property

The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Property

SUBSCRIBERS

Ascendas-Singbridge, GIC acquire land in India to develop IT park

Published Wed, Aug 23, 2017 · 09:50 PM
Share this article.

Singapore

ASCENDAS-SINGBRIDGE Group and Singapore's sovereign wealth fund GIC announced the acquisition of a 16-acre (6.5-hectare) land parcel in Pune, a sprawling city in the western Indian state of Maharashtra.

This acquisition, at an undisclosed sum, marks the second investment under the Ascendas India Growth Programme (AIGP), in which GIC is a principal investor along with Ascendas-Singbridge.

With a total development potential of 2.2 million sq ft, the land parcel will be develo…

KEYWORDS IN THIS ARTICLE

GIC
India

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Property

newspaper iconPurchase this articleshopping cart icon

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here